Das – the new Raja of Mint Street

Babus are hugely upset, understandably so, at the less than laudatory media coverage of Shaktikanta Das, an IAS officer of the Tamil Nadu cadre who had retired as secretary, economic affairs, in the finance ministry and was appointed the 25th governor of the Reserve Bank of India last week. The first two governors of the […]

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Why Raghuram Rajan is not Indian

Yes, it’s true. Raghuram Rajan is very Un-Indian on multiple counts. Photocredit: live.av.info  Raghuram Rajan a youthful financial messiah amidst grey heads Early start First, like Dr. Manmohan Singh before him and unlike every other Governor of the Reserve Bank, Rajan became governor at the “tender”, almost youthful age -by Indian metrics- of just fifty […]

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Gov. Rajan gets it wrong this time

(photo credit: economic times.com) RBI Governor Raghuram Rajan got it horribly wrong when he amended PM Modi’s “make in India” program by adding a “make for India” byline in his FICCI address yesterday. What on earth could he have meant? Was he implying that the domestic economy should be further insulated from foreign competition? That […]

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